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Euro One Way Train Can Not Last

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 17, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    EURUSD made a spike high at 1.5901 and is now completing its natural retrace to work off short term overbought conditions. The near term uptrend remains in place and only a break 1.5500 invalidates the short term bias. Meanwhile 1.5900 no acts as resistance for a possible double top.

    complete article here...

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